ACSO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ACSO
Largest movements
- Cash +€60,902
up €60,902 (+6616.9%), from €920 to €61,822
mainly Net result for the year (+€79,036) and Tax, wage and social debts (+€25,877)
- Tangible fixed assets -€18,159
down €18,159 (-13.6%), from €133,785 to €115,627
of which Land and buildings: -€17,099
- Receivables within one year +€9,856
up €9,856 (+468.3%), from €2,105 to €11,961
of which Other amounts receivable: +€8,526
- Reserves +€66,144
up €66,144 (+200.4%), from €33,000 to €99,144
- Tax, wage and social debts +€25,877
up €25,877 (+623.0%), from €4,154 to €30,031
of which Taxes: +€28,202
- Profit (loss) carried forward -€20,108
no longer reported in 2025 (was €20,108)
- Other debts -€19,602
down €19,602 (-38.5%), from €50,952 to €31,350
- Gross operating margin +€169,525
up €169,525, from -€45,518 to €124,007
- Taxes +€13,559
up €13,559 (+5127.8%), from €264 to €13,823
- Staff costs -€4,944
down €4,944 (-42.2%), from €11,710 to €6,766
- Financial charges -€1,374
down €1,374 (-75.8%), from €1,814 to €440
- Depreciation +€1,326
up €1,326 (+6.7%), from €19,889 to €21,216
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,811 | €189,553 | +€52,742 | +38.6% |
| Fixed assets | 21/28 | €133,785 | €115,627 | -€18,159 | -13.6% |
| Tangible fixed assets | 22/27 | €133,785 | €115,627 | -€18,159 | -13.6% |
| Land and buildings | 22 | €116,497 | €99,398 | -€17,099 | -14.7% |
| Plant, machinery and equipment | 23 | €4,733 | €5,057 | +€324 | +6.8% |
| Furniture and vehicles | 24 | €12,555 | €11,172 | -€1,383 | -11.0% |
| Current assets | 29/58 | €3,025 | €73,926 | +€70,901 | +2343.7% |
| Amounts receivable within one year | 40/41 | €2,105 | €11,961 | +€9,856 | +468.3% |
| Trade receivables | 40 | €532 | €1,862 | +€1,330 | +250.3% |
| Other amounts receivable | 41 | €1,573 | €10,099 | +€8,526 | +541.9% |
| Cash at bank and in hand | 54/58 | €920 | €61,822 | +€60,902 | +6616.9% |
| Deferred charges and accrued income | 490/1 | - | €143 | +€143 | |
| Total equity and liabilities | 10/49 | €136,811 | €189,553 | +€52,742 | +38.6% |
| Equity | 10/15 | €71,708 | €117,744 | +€46,036 | +64.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,000 | €99,144 | +€66,144 | +200.4% |
| Distributable reserves | 133 | €33,000 | €99,144 | +€66,144 | +200.4% |
| Profit (loss) carried forward | 14 | €20,108 | - | -€20,108 | |
| Amounts payable | 17/49 | €65,103 | €71,809 | +€6,706 | +10.3% |
| Amounts payable within one year | 42/48 | €63,716 | €70,422 | +€6,706 | +10.5% |
| Trade debts | 44 | €7,342 | €7,774 | +€431 | +5.9% |
| Suppliers | 440/4 | €7,342 | €7,774 | +€431 | +5.9% |
| Advances received on contracts in progress | 46 | €1,268 | €1,268 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,154 | €30,031 | +€25,877 | +623.0% |
| Taxes | 450/3 | €1,043 | €29,245 | +€28,202 | +2703.7% |
| Remuneration and social security | 454/9 | €3,111 | €786 | -€2,325 | -74.7% |
| Other amounts payable | 47/48 | €50,952 | €31,350 | -€19,602 | -38.5% |
| Accrued charges and deferred income | 492/3 | €1,387 | €1,387 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €11,710 | €6,766 | -€4,944 | -42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,889 | €21,216 | +€1,326 | +6.7% |
| Other operating charges | 640/8 | €2,370 | €2,825 | +€455 | +19.2% |
| Gross operating margin | 9900 | -€45,518 | €124,007 | +€169,525 | |
| Operating profit (loss) | 9901 | -€79,486 | €93,201 | +€172,687 | |
| Financial income | 75/76B | €38 | €98 | +€60 | +156.1% |
| Recurring financial income | 75 | €38 | €98 | +€60 | +156.1% |
| Financial charges | 65/66B | €1,814 | €440 | -€1,374 | -75.8% |
| Recurring financial charges | 65 | €1,814 | €440 | -€1,374 | -75.8% |
| Profit (loss) for the period before taxes | 9903 | -€81,262 | €92,859 | +€174,121 | |
| Income taxes | 67/77 | €264 | €13,823 | +€13,559 | +5127.8% |
| Profit (loss) for the period | 9904 | -€81,526 | €79,036 | +€160,562 | |
| Profit (loss) for the period to be appropriated | 9905 | -€81,526 | €79,036 | +€160,562 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.